Electric utilities; retail competition, renewable energy. (SB1584)

Introduced By

Progress

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Introduced

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Passed Committee

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Passed House

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Passed Senate

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Signed by Governor

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Became Law

Description

Electric utilities; retail competition; renewable energy. Allows customers of an investor-owned electric utility to purchase electric energy provided 100 percent from renewable energy from any licensed supplier. The measure eliminates the condition that permits such purchases only if the investor-owned electric utility does not offer a tariff for 100 percent renewable energy. With regard to customers of an electric cooperative, the measure does not change the existing provisions that allow (i) sales of renewable power by a competitive provider only if the utility does not offer an approved tariff for electric energy provided 100 percent from renewable energy and (ii) continued purchases of renewable energy under the terms of a power purchase agreement in effect when the incumbent utility files a tariff for 100 percent renewable energy. Amends § 56-577, of the Code of Virginia.Read the Bill »